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A Plumbing Contractor’s Guide to Insurance Coverage

Levelset

In this respect, general liability insurance or workers’ compensation could help cover those costs if an incident should occur. . Workers’ compensation insurance should be in place to help defray the costs of employee medical treatments. Each field of subcontracting work has its own area of focus in insurance matters.

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Construction Budgeting Resource for Arizona

Carol Hagen

Construction company budgets are heavily weighted to the salary and compensation plans of their employees. Here in Arizona, the Valley of the Sun Chapter of the Construction Financial Management Association (CFMA) is conducting an on-line Construction industry salary survey. You can get this resource for free just by participating.

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2024 Construction Trends: 30+ Experts Share Insight

Autodesk Construction Cloud

In 2023, the construction industry grappled with the lingering effects of supply chain disruptions, inflation, and ever-present labor shortages —a narrative that has become all too familiar. The future is bright for the construction industry, and the best way to prepare is to stay informed and adaptive to emerging trends.

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Construction Business Owner Blogs

Construction Business Owner

Industry News. Industry Statistics. A safe work environment is one of the most straight forward ways to decrease workers compensation expenses. EMR’s are calculated by comparing a company’s actual losses to industry average losses. Companies who perform average in their EMR industry generally rate around 1.0.

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Key Financial & Safety Metrics for Subcontractor Qualification 

Autodesk Construction Cloud

For one thing, circumstances can change quickly in today’s uncertain construction industry. Days of Cash on Hand is the number of days that a company can continue to pay its operating expenses, given the amount of cash available and assuming there is no additional revenue. Underbillings to WC . SAFETY RATES & METRICS .

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Construction Business Owner Blogs

Construction Business Owner

Industry News. Industry Statistics. For starters, it is designed for construction, so you’re getting software that handles the accounting and reporting challenges of your industry. Equipment Management. Resource Center. Equipment and Services Directory. Ask the Expert. Hardhat Connect. Forms and Checklists. Product Spotlight.

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Professional Liability Insurance Explained

Levelset

Because construction workers and tradespeople perform complicated and risky work, the possibility for making a mistake is high across the industry. However, errors and omissions insurance and professional liability insurance are identical, and the terms are used interchangeably in the construction industry.